The RealtyBid management team has sold over one billion dollars in commercial assets over the past 15 years. The founders were extensively involved in selling assets in the 1990s for the Resolution Trust Corporation as that entity was charged with liquidating assets from failed S&Ls. Since taking its business to an online format, the RealtyBid team has continued to experience success selling commercial assets. Since 2004, the company has sold over 50 commercial assets thorough online bidding and it is positioning itself to be a resource for commercial property sellers throughout the nation.
RealtyBid’s team sold 25 free standing, vacant commercial properties located across the state of Virginia. In the end all properties were sold generating over $45,000,000 in sales.
Following on the success of the Virginia sale, RealtyBid’s team conducted another very successful sale of small commercial assets scattered across Northern California. Over 100 bidders registered to participate in the bidding and all properties were sold generating over $28,000,000 in sales.
RealtyBid’s team successfully sold a complicated golf property in South Carolina. This was a unique event where each bidder had to place a non-refundable bid deposit for the amount of $250,000 in escrow prior to being approved to bid. Inquiries were received from prospective bidders all over the world. The conclusion was the sale of a prime golf property for approximately 30 million dollars.
This was the sale of a very complex and difficult asset. It contained an operating golf course, a non-operating hotel and a conference center. The property had environmental issues as well as operational concerns. After an extensive national advertising campaign, the property was sold through a sealed bid event for approximately 15 million dollars.
Another successful commercial event was conducted on a small office complex located near San Diego, California. At the time the price achieved for these properties exceeded everyone’s expectations and all of the buildings were sold generating almost five million dollars in sales.
The two premier hunting ranches were sold for Meridian Services Company of Nebraska who was intrigued with the idea of bidding online from anywhere in the world. The properties were marketed through a massive national advertising campaign and both sold through RealtyBid’s unique online bidding program to buyers outside the state of Nebraska achieving over 5.5 million dollars in sales.
If you have commercial assets for sale, RealtyBid can help develop a successful strategy to move those properties quickly and efficiently through a private, transparent online bidding process.